How can small and medium-sized businesses gain access to enterprise-level financial tools without changing the way they bank?

In this NYSE Live interview from Money20/20 USA, Andrew Jamison, Co-Founder and CEO of Extend, discusses how the company is helping businesses modernize spend management, streamline operations, and leverage virtual card technology through partnerships with banks and payment networks.

Jamison explains that Extend was built to serve the needs of small and medium-sized businesses (SMBs), a segment that has often lacked access to the sophisticated financial management tools available to larger enterprises. By building software that works alongside existing corporate card programs, Extend aims to make advanced expense and spend controls more accessible.

A major focus of the conversation is virtual card technology. Jamison explains that businesses frequently need more flexible ways to manage employee spending, vendor purchases, travel expenses, and project-related costs. Virtual cards help organizations assign spending authority while improving visibility into where, why, and how money is being used.

The interview also explores real-world applications of virtual cards. Whether supporting field service teams, healthcare workers, contractors, or distributed workforces, businesses can issue purpose-driven payment credentials that are tied to specific projects, departments, jobs, or expenses. This creates greater transparency and simplifies reimbursement and expense management processes.

Another key theme is spend management modernization. Extend's platform overlays existing credit card infrastructure, allowing organizations to enhance controls, reporting, visibility, and operational efficiency without requiring a complete overhaul of their banking relationships or financial systems.

The conversation further examines the company's partnership with Mastercard. Jamison explains that the collaboration expands Extend's reach by leveraging Mastercard's network and banking relationships while combining that infrastructure with Extend's spend management and virtual card technology capabilities.

The interview also highlights the challenges facing small and medium-sized businesses. SMBs often operate with limited financial and human resources, making efficiency gains especially valuable. Jamison believes emerging technologies can help smaller organizations compete more effectively against larger competitors by automating administrative tasks and improving financial visibility.

Another area of focus is the evolution of financial technology. Jamison discusses how payment solutions have progressed from traditional electronic systems to APIs, automation, artificial intelligence, and increasingly intelligent financial workflows. He believes businesses are moving toward more proactive systems that help guide spending decisions in real time rather than simply reporting on past activity.

The discussion also addresses the future of business payments. As organizations continue adopting automation and AI-powered workflows, financial tools are becoming more embedded into everyday business operations, enabling companies to improve scalability while maintaining stronger controls.

Looking ahead, Extend sees opportunities to help businesses grow through smarter payment workflows, enhanced spend management, and greater use of virtual card technology across industries.

Throughout the discussion, Jamison shares insights on fintech innovation, virtual cards, expense management, SMB growth, business payments, financial automation, corporate spending, Mastercard partnerships, and the future of financial operations.

Disclaimer: Informational content only. NYSE does not endorse or recommend investments, strategies, companies, products, or services discussed.

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